Nooyi's final words: Performance, growing up in India & mixed emotions
Authored By Wion Web Desk
Published: Aug 06, 2018, 02:29 IST | Updated: Aug 06, 2018, 02:29 IST
PepsiCo announced on Monday Indra Nooyi would step down as its longtime chief executive officer, handing over the reins to company veteran Ramon Laguarta at a time the beverage maker navigates a shrinking global soda market.
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Indra Nooyi's 12-year reign as CEO
Under Nooyi's 12-year tenure as CEO, she has boosted sales of the Mountain Dew and Gatorade maker to $63.5 billion, up 80 per cent from when she started. The company's share price has risen 78 per cent in the same period. (Image source: Reuters)
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Re-shaping Pepsi with tactical mergers
She is also largely credited with re-shaping Pepsi with tactical mergers and shifting to healthier drinks over sugary sodas - moving to juices and teas. (Image source: Reuters)
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A bid to win market share
Recently, she focused on reinvigorating sales of its marquee sodas by stepping up marketing efforts, in a bid to win market share from Coca-Cola Co. (Image source: AFP)
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Quick achievements
Since December 31, 2006, total shareholder return of 162% through December 31, 2017Total cash returned to shareholders through dividends and share repurchases of $79.4 billion since the beginning of 2006 through the end of 2017Dividends per share nearly tripled from $1.16 in 2006 to $3.17 in 2017, a compound annual growth rate of nearly 10%Net revenue growth from $35 billion in 2006 to $63.5 billion in 2017, a compound annual growth rate of 5.5% (Image source: AFP)
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'Honour of my lifetime', Indra Nooyi
Speaking during her announcement, Indra Nooyi said, "Leading PepsiCo has truly been the honour of my lifetime, and I'm incredibly proud of all we have done over the past 12 years to advance the interests not only of shareholders but all our stakeholders in the communities we serve." "Growing up in India, I never imagined I'd have the opportunity to lead such an extraordinary company. Guided by our philosophy of Performance with Purpose—delivering sustained performance while making more nutritious products, limiting our environmental footprint and lifting up all the communities we serve—we've made a more meaningful impact in people's lives than I ever dreamed possible. PepsiCo today is in a strong position for continued growth with its brightest days still ahead," She added. (Image source: AFP)
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'A day of mixed emotions'
In the closing of her speech, Nooyi said: "Today is a day of mixed emotions for me. This company has been my life for nearly a quarter century and part of my heart will always remain here. But I am proud of all we've done to position PepsiCo for success, confident that Ramon and his senior leadership team will continue prudently balancing short-term and long-term priorities, and excited for all the great things that are in store for this company. PepsiCo's best days are still ahead of it." (Image source: AFP)
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